Form 4: Willis Towers Watson General Counsel Matthew Furman Reports Acquisition of Restricted Share Units

Matthew Furman, General Counsel of Willis Towers Watson, reports the acquisition of restricted share units through deferred savings plans.

Summary

• On October 10, 2024, Matthew Furman, General Counsel of Willis Towers Watson, reported the acquisition of restricted share units.
• These units were acquired through the Willis Towers Watson Non-Qualified Deferred Savings Plan for U.S. Employees and the Non-Qualified Stable Value Excess Plan for U.S. Employees.
• Furman acquired 51.2435 restricted share units at a price of $290.24, and 7.7798 restricted share units at the same price.
• Following these transactions, Furman beneficially owns 2,925.5034 and 2,432.0521 restricted share units respectively.
• The restricted share units settle for Ordinary Shares on a 1:1 basis after termination or death, according to the plan rules.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices, indicating stability and alignment of executive interests with shareholder value. It is a neutral to slightly positive indicator.

Positives

• The acquisition of restricted share units indicates continued participation in company savings plans.
• The transactions reflect ongoing compensation and benefits programs at Willis Towers Watson.

Future Outlook

The document does not contain specific forward-looking statements regarding the company's future performance.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and is common in the financial services industry. It reflects standard practices for equity-based compensation.

Comparison to Industry Standards

• Equity compensation is a common practice among publicly traded companies, including Willis Towers Watson's competitors such as Aon and Marsh & McLennan.
• Deferred savings plans and restricted share units are typical components of executive compensation packages in the industry.
• The vesting and settlement terms described are consistent with standard practices for such plans.

Stakeholder Impact

• The transactions have a minor positive impact on shareholders by aligning executive compensation with company performance.
• Employees participating in the savings plans benefit from the company's matching contributions.

Key Dates